The cyber incident at JLR has highlighted customer relations risk...
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Tata Motors-owned Jaguar Land Rover begins phased IT restart after cyber-attack
JLR said its teams continue to work around the clock alongside...
FAIR 2025: GIC Re to host 29th FAIR in Mumbai, Over 700 global delegates to celebrate 60 yrs of Afro-Asian bonding
Ramaswamy Narayan, CMD, GIC Re, observed,“Hosting the 29 th FAIR...
Macroeconomic, geopolitical conditions pose severe risks to organisations: WEF Survey
Recent months have also seen a sharp increase in discussion of technology-related risks. CROs broadly agree that risk management is not keeping up with the rapid development and deployment of AI technologies, with 75% saying the use of AI technologies poses...
Fed raises interest rates, leaves door open to another increase
US Fed Chair Jerome Powell As it stated in June, the Fed said it would watch incoming data and study the impact of its rate hikes on the economy "in determining the extent of additional policy firming that may be appropriate" to reach its 2% inflation target...
SEC set to adopt new cyber rule
Companies will also have to describe periodically what efforts they are making to identify and manage threats in cyberspace. The rule, first proposed in March of 2022, forms part of a broader SEC effort to harden the financial system against data theft, systems...
Airlines face doubling in war insurance premiums: Sources
Insurers are, as a result, weighing a potential doubling of the premiums on such policies when airlines typically renew cover in the fourth quarter, the sources said London: Airlines could end up paying twice as much for insurance they need to protect themselves...
Japan’s population falls while foreign residents rise to record
The number of Japanese nationals fell for a 14th year, by about 800,000 people, to 122.42 million, according to resident registration data as of Jan. 1, 2023, released by the Ministry of Internal Affairs and Communications. For the first time, the number of Japanese...
Growth slowdown concentrated in advanced economies: IMF
India is estimated to account for one-sixth of global growth this year. "India is a country with growth -- very strong and continuing to be strong. It's about -- one sixth of total global growth is accounted for by India right this year, and inflation is back inside...
Tokio Marine Kiln appoints Cindy Gunawan as special risks underwriter in Asia Pacific
Gunawan's appointment is the latest for TMK Asia Pacific, as it looks to develop and expand in this region in response to growing client demand London: Leading specialist insurer, Tokio Marine Kiln (TMK), today announces the appointment of Cindy Gunawan as special...
Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re, commented: “It is expected that providing wider insights into risk analysis and decision making against recent changes in natural catastrophe will be available by working with Moody's RMS models.” LONDON:...
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes
Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...
Biden administration pushing insurers to improve access to mental health treatment
US President Joe Biden "Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay out...